Tuesday, December 20, 2011

Cracks in the Bedrock

In an ad currently airing on television, Wesley Foster, the CEO of Long & Foster real estate, states that his company was founded on the “bedrock of honesty and intregity.” He then goes on to say that those are the qualities “that I’ve always seen in Creig Northrop.”

In a lawsuit filed on December 9th against the Creig Northrop Team of Long & Foster, several families in the Baltimore area are now challenging that assumption. According to this story by Jamie Smith Hopkins in The Sun,  the suit “alleges that the defendants used a complex scheme to get clients to buy new homes without first selling their old ones, requiring two new loans rather than one and netting more fees and commissions for the companies. The defendants fabricated documents to make these deals possible, the lawsuit also alleges.”

Apparently this isn’t the first time this year that Creig and his team has found itself defending its “honesty and integrity” either.

“In the earlier lawsuit that settled in March, a Fulton couple said they were victimized by a similar buy-now-sell-later scheme. G. Russell Donaldson, who represented them and is one of the attorneys involved in the new suit, said the settlement terms were confidential.”

I’m betting that Mr. Donaldson is not on the Creig Northrops team Christmas card list.
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